The last couple of years have brought a significant change in Indian IoT ecosystem. The smart devices are making their ways into homes, converting them into smart homes and laying the foundation for smart cities. The day is not far when IoT will become an integral part of everyday life. Although it’s all set to become a trillion dollar industry, startups and young entrepreneurs trying to explore IoT field, need proper mentorship and funds to turn the table. If you happen to be one such IoT-based startup, you can look up to these accelerators to turn your dreams into reality.
The 8,000 sqft Hyderabad-based HyperCat tends to help Indian IoT startups gain necessary technology exposure, funds, and skills to develop the smart city and IoT-related products & services. It’s owned and operated by UK-based software solution provider, Flexeye, and given full support by UK government. At most 40 Indian startups can make use of the facilities offered by HyperCat.
GSF in collaboration with CISCO Investments launched its accelerator program last year with an objective to support startups working in cloud and IoT. As part of the 16-week program, it provided $45000 in funding to 5 startups in return for 8-9% equity. Those early stage startups that are active in IoT and cloud fields can approach GSF Global Accelerator program and write their own success stories.
Its prime focus is on helping those startups that are working towards developing Connected Transport solutions. With the passage of time, the need for sustainable infrastructure, transport, and traffic management will rise, and Autonebula wishes to tap this market opportunity in the best possible manner.
Indian School of Business and Ashoka University in association with Microsoft Ventures have an investment pool of Rs. 1 crore to be provided to those startups that are working on products related to smart cities. In addition to this, the investors will also put extra Rs. 7-8 lakh in each selected startup. If you think you have a great IoT-based smart-city related product, you should definitely give it a try.
The Qualcomm Design in India Challenge aka QDIC organizes a competition in association with NASSCOM to discover startups actively involved in product development, design and manufacturing in IoT for education, healthcare, automotive, banking and smart city fields. In the first round of the competition, it shortlists 10 companies and offer them $10,000 in cash and full access to Qualcomm innovation labs. Top three startups at the end of the competition are given $100,000. Check more on their official website.
These accelerators can be a door to success for all those startups and entrepreneurs who wish to explore internet of things, smart city, and other such fields, and want to build products that can solve real-time problems. If you happen to run any IoT-based startup, you should not miss this opportunity at any cost.